9911796707
TMI Blog2014 (1) TMI 780X X X X Extracts X X X X X X X X Extracts X X X X ..... RDER Per: P.G. Chacko; This application filed by the appellant seeks waiver and stay in respect of the adjudged dues which include an amount of Rs. 30,86,816/-. The demand is on the goods which were cleared as kits each consisting of one chain and two sprockets, cleared under 45 invoices dated 31.05.2006. The case of the appellant is that the above kits came to be included in the third schedule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CENVAT credit on sprockets (bought-out-component of kit) was claimed but this claim was not accepted by the original authority. At this juncture, it is submitted by the learned Additional Commissioner (AR) that the appellate authority has allowed the claim subject to proof. After considering the submissions, we find that, if the entire CENVAT credit claimed by the assessee is allowed, the outstand ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e-deposit only an amount of Rs. 10 lakhs (Rupees Ten lakhs only) which shall be deposited within 6 weeks. Report compliance to the Deputy Registrar on 13.05.2013. Deputy Registrar to report on 20.05.2013. Subject to due compliance, there will be waiver and stay in respect of the penalties imposed on the appellant and the balance amount of duty and interest thereon. (Pronounced and dictated in ope ..... X X X X Extracts X X X X X X X X Extracts X X X X
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